{"id":4010,"date":"2017-01-03T14:31:57","date_gmt":"2017-01-03T18:31:57","guid":{"rendered":"http:\/\/blog.silver-investor.com\/?p=4010"},"modified":"2018-06-10T10:52:32","modified_gmt":"2018-06-10T10:52:32","slug":"war-worlds-purest-silver-producer-prepares-join-class-action-lawsuit-bullion-banks-price-rigging","status":"publish","type":"post","link":"https:\/\/www.themorganreport.com\/blog\/war-worlds-purest-silver-producer-prepares-join-class-action-lawsuit-bullion-banks-price-rigging\/","title":{"rendered":"It\u2019s War: World\u2019s Purest Silver Producer Prepares To Join Class Action Lawsuit Against Bullion Banks For Price Rigging"},"content":{"rendered":"

hough Wall Street regulators and the mega-banks they purport to regulate have long said that there exists no manipulation in markets and that anyone making claims to the contrary is nothing short of a conspiracy theorist, recent revelations suggest that even the most well known financial institutions on the planet have been actively involved in rigging asset prices. We need look no further for confirmation of this fact<\/a> than Deutsche Bank, which last year admitted the precious metals market has been rigged all along and agreed to pay nearly $100 million in settlements resulting from their direct involvement in the manipulation of gold and silver prices.
\nNow that the cat is out of the bag and Deutsche Bank has agreed to turn over documents implicating other banks in related schemes, major mining companies are preparing lawsuits of their own. Straight-shooting First Majestic Silver CEO Keith Neumeyer, who in 2015 was the first mining company head to issue a public statement on the manipulation<\/a> of precious metals prices by a small concentration of players, has said that the company\u2019s legal team is closely monitoring the situation
\nCiting loss of revenue, jobs and shareholder value Neumeyer said in an interview with SGT Report<\/a> that his company will likely be preparing legal action against the bullion banks involved in the rigging of prices.<\/p>\n

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I have an intimate knowledge of what goes on on the trading floors\u2026 how front running occurs, how wash trading occurs, how spoofing occurs\u2026 I\u2019ve been looking for an opportunity to step in\u2026<\/strong> I\u2019ve been very vocal\u2026 I\u2019ve talked to many executives that are running other silver companies\u2026 When the Deutsche news came out I sent an email to the law firm that\u2019s responsible for this lawsuit and I had a conference call with two lawyers\u2026 we spoke about this case\u2026 I can tell you that a couple of the CEO\u2019s of some very prominent silver companies in the States have no interest in pursuing this\u2026 Other CEOs have said that they are interested in pursuing this with First Majestic.<\/strong><\/p>\n

We\u2019re monitoring this. We\u2019re going to follow it. We\u2019re likely going to, at some point, add our name to the class action lawsuit.<\/strong><\/p>\n<\/blockquote>\n

Watch the full interview detailing Neumeyer\u2019s views on global cash bans, what silver prices may do once the manipulation comes to an end, how precious metals will be affected by the incoming Trump administration, current supply and demand fundamentals and an update on his latest projects including Silver One Resources<\/a>:
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